Met coke prices in an upward trend at Rs 15,000/t Vs Rs 10000/t

2009 August 20

by phani

Met coke prices are in an upward trend. They are at Rs 15,000/t Vs Rs 10000/t. The price hike is because of strong demand from China. Coking coal is sold at contracted prices. MET coke is sold at spot prices. Gujarat NRE Coke is the only merchant met coke company in India. The company is in final stages of commissioning coking coal mine in Australia.

Gujarat NRE Coke touched an intra day high of Rs 54 and an intra day low of Rs 51.40 and at 15:15 PM, the share was quoting at Rs 52.75, up Rs 2.15, or 4.25%, trading with volumes of 1,594,769 shares, compared to its 5-day average of 1,271,181 shares, an increase of 25.46%.

Your Ad Here

No related posts.

Comments are closed for this entry.

This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 2.5 India License

Vigilance Theme by Jestro

DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.

News about Indian Stock Markets

Met coke prices in an upward trend at Rs 15,000/t Vs Rs 10000/t

Recent Posts

Categories

Archives

Search

Authors

What I'm Doing...